Market-based interest, exchange rates soon
Dhaka, May 5 -- Market-based interest rating and free float of currencies are likely soon as the central bank's governor dropped a broad hint Sunday about such major changes on Bangladesh's money market.
"We are very close to market-based interest rate.We will be very shortly moving into market-based interest rate," said the Bangladesh Bank Governor, Abdur Rouf Talukder.
The governor also said they would soon move to market-determined exchange rate as well.
The observations came in a session titled "Fiscal and Monetary Policies in the Evolving Economic Order (Risks, Vulnerabilities and Solutions)"on the first day of a two-day meet on 'First Development Studies International Conference' being held in a city hotel under joint auspices of...
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